Martingales

The “martingale” gambling system works as follows: start betting with $1. if you lose, double your bet on the next game. That way, when you win, you recoup all of your losses plus one dollar more. Seems like a foolproof way of beating the house, as long your chance of winning is nonzero, right?

Think again.

Actually, thinking isn’t enough. You have to take a graduate course in theoretical probability, it seems.

Random events in the last month: I saw Much Ado About Nothing at CalShakes, I went to the Radiohead concert with Manu Seth, who had 5th row tix, went home for my brother’s wedding, found an advisor and an office, sang in a concert where I dressed up goth, saw the Gotan Project, and won a raffle that gets me a free pint a day at the campus pub until Summer 2004.

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